Wills & Estate Planning for Parents: The Basics You Can’t Ignore |

Описание: Wills and estates can sound intimidating but they don’t have to be. In this episode, Eli breaks down the basics of what a will actually is, what an estate includes, and why having a plan matters more than most families realize.
You’ll learn what happens if you don’t have a will, the key decisions every will should cover, and the common misconceptions that stop people from getting started. This episode is about understanding the foundation—so you can make informed, confident choices that protect the people you care about.
Whether you’re just starting to think about estate planning or putting it off because it feels overwhelming, this conversation makes the essentials clear, practical, and approachable.


Show Links:
Website  ⁠⁠upfinancial.ca⁠⁠
Youtube: ⁠⁠   / @elithemoneyguy  
TikTok  ⁠⁠tiktok.com/@elithemoneyguy⁠⁠
Instagram  ⁠⁠instagram.com/elithemoneyguy⁠⁠
Facebook  ⁠⁠facebook.com/upfinancial⁠⁠. 

Chapters List:
00:00 Navigating Financial Support for Kids
00:32 Understanding Trusts and Estate Planning
04:03 Informal vs. Formal Trusts
07:40 Balancing Support and Independence
10:22 Planning Inheritance: When and How?
11:32 Guardianship and Child Welfare
12:41 Understanding TFSAs and RESPs
14:07 Gifting: Now vs. Later
15:45 Supporting Adult Children Financially
17:22 Instilling Financial Values in Children